terfwefe
@sdvnnfef
Metaplanet's CEO Simon Gerovich says they're checking if the IRS will classify them as a PFIC. If 75% of income or 50% of assets are passive, they’ll be labeled a PFIC for that tax year. They argue most goodwill is active, but the IRS might disagree and tag them as PFIC by 2025. They’re working with advisors to clarify rules for US shareholders, including QEF options. Updates on guidance coming soon.
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